ICICI Bank announced its financial results for the quarter ended September 30, 2026 (Q2 FY27), reporting a 20.1% year-on-year increase in profit after tax to ₹148.43 billion. Total deposits grew by 27.1%, and the net NPA ratio remained stable at 0.30%. The bank highlighted strategic focus on customer-centricity and risk-calibrated growth.
ICICI Bank Reports Robust Q2 FY27 Financials
ICICI Bank has announced its financial results for the quarter and half-year ended September 30, 2026. The bank recorded a profit after tax of ₹148.43 billion, marking a significant 20.1% year-on-year growth. This performance reflects the bank’s continued focus on profitable growth and strategic initiatives.
Key Financial Highlights
Profit and Capital: Profit before tax excluding treasury grew by 23.4% year-on-year to ₹199.54 billion. Core operating profit increased by 21.8% year-on-year to ₹208.05 billion. The bank maintained a strong capital position with a CET-1 ratio of 16.01% and a total capital adequacy ratio of 16.68% as of September 30, 2026.
Deposit Growth: Total deposits saw a substantial increase of 27.1% year-on-year and 11.8% quarter-on-quarter, reaching ₹18 billion in gross FCNR (B) deposits. Average deposits grew by 21.2% year-on-year.
Loan Growth: The total loan portfolio grew by 30.0% year-on-year and 12.3% sequentially. Retail and rural loan book grew by 14.8%, while the business banking portfolio increased by 33.8%.
Asset Quality: The net NPA ratio stood at 0.30% at September 30, 2026, compared to 0.35% at June 30, 2026. The provisioning coverage ratio on non-performing loans was 75.0%.
Strategic Focus and Outlook
The bank reiterated its strategic focus on growing profit before tax excluding treasury through a 360-degree customer-centric approach and serving opportunities across ecosystems and micro-markets. ICICI Bank remains committed to maintaining a strong balance sheet, prudent provisioning, and healthy capital levels while delivering sustainable returns to shareholders. The bank highlighted its efforts in leveraging Artificial Intelligence to enhance customer service and operational efficiency.
The management expressed confidence in the bank’s strategic direction and its ability to navigate evolving market dynamics and deliver consistent growth.
Source: BSE
